47% of the World’s Credit Card Fraud Happens in the US
According to a new report from Barclays, 47% of the world’s credit card fraud happens in the United States, even though Americans only account for 24% of the total credit card volume.
The report says, "The increasing instances of credit-card fraud—and the subsequent hassles, like not being able to use our credit cards or having to replace them more often—are mostly due to the fact that the US still relies on old, faulty technology that the rest of the world moved on from years ago."